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Lao kip

The kip (Lao: ກີບ, romanized: kib; code: LAK; sign: ₭ or ₭N; French: kip; officially Lao: ເງີນກີບລາວ, romanized: Ngoenkib Lav, lit. 'currency Lao kip') is the currency of Laos since 1953. Historically, one kip was divided into 100 att (ອັດ) which are no longer in regular use. The term derives from ກີບ kì:p, a Lao word meaning "ingot."